A big secret to successful trading is knowing when to get out of the trade at profit or loss. Watch this new video to see how we manage Atlas Line and Trade Scalper trades…
We like to hold a trade for a maximum of 4 or 5 candles. Do you know why?
…Think about how we, at DayTradeToWin, decide to place a trade. Along with our proprietary methods, we use the ATR with a period value of 4 to determine the profit target and stop loss.
So, with an ATR set to 4 and holding a trade no longer than 4 or 5 candles, this allows for a balance of risk and reward, we feel.
If we don’t get hit the profit target within the next 4 or 5 candles, we’re out at that 4th or 5th candle closing price. Period.
…This takes the emotions out of it, does it not? And if you can separate yourself from the ups and downs of the market, you’re going to be a better trade no matter what.
If you want to go beyond your current understanding of how the markets work and learn to find ideal entry opportunities and use proper trade management, look no further than our all-inclusive Accelerated Mentorship Program. The Trade Scalper, Atlas Line, Roadmap, Blueprint, ATO 2, and much more are included.